Now, Bloombergreports that privately held JCF Capital ULC was willing to pay quite a lot of money for the right to ditch the Trump brand name on their Toronto hotel forever:

While no breakup fee was disclosed, the amount was at least $6 million, according to a person with knowledge of the matter. Signage may be removed from the 65-story tower as soon as Aug. 1, said the person, who asked not to be identified discussing confidential details.

JCF Capital acquired the tower with the Trump brand and agreements in place last year from former owner Talon International, the developer run by Russian-Canadian billionaire Alex Shnaider.

The tower was a tough sell under its Trump name: Talon struggled to sell the building after defaulting on its 2007 loan, and when JCF Capital acquired the loan on the property from lender Raiffeisen Bank International AG and launched a sale process for the building, it garnered no bids aside from its own.

No wonder the Trump Organization announced last year that they’re planning to rebrand the family’s hotels Scion, after buying the failed Japanese car company’s trademarks.

Trump Tower Toronto was over budget and delivered late, sued for ripping off consumers, took in tons of Russian cash, went bankrupt and ultimately The Donald had to be paid to go away and take his tarnished name with him.

Don’t let Trump fire Special Prosecutor Mueller

Special Prosecutor Mueller has found enough evidence to bring charge in his investigation of the Trump campaign’s alleged collusion with Russia, but President Trump has openly talked of firing Mueller before he can bring justice. Don’t let him! Demand Congress pass a law preventing Trump from firing Mueller before it’s too late.

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